| Product Code: ETC4386387 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Contactless Biometrics market in Malaysia is experiencing significant growth, fueled by the increasing emphasis on touchless authentication methods in various sectors, including finance, healthcare, and government. The market is witnessing a surge in demand for biometric solutions that offer convenience, security, and hygiene, especially in light of the ongoing global health concerns. This market is poised for continued expansion as businesses and institutions prioritize contactless and secure authentication methods.
The Contactless Biometrics market is growing in Malaysia as businesses and government agencies seek secure and convenient identity verification methods. The adoption of contactless biometrics is driven by factors like the COVID-19 pandemic, which has accelerated the demand for touchless solutions, and the need for efficient identity authentication.
The Malaysia Contactless Biometrics market faces challenges in ensuring the security and accuracy of biometric authentication systems. Overcoming concerns related to data privacy and user consent is crucial, as the use of biometric data raises ethical and legal questions. Additionally, interoperability issues with various devices and systems can complicate the deployment of contactless biometric solutions. Lastly, the need to educate the public about the benefits and safety of contactless biometrics is essential for broader adoption.
The Malaysia contactless biometrics market witnessed a significant surge in demand during the COVID-19 pandemic. With heightened concerns regarding physical contact, individuals and organizations increasingly turned to contactless biometric solutions for secure authentication and access control.
The contactless biometrics market in Malaysia features innovators like Iris Corporation Berhad. This company is known for its cutting-edge iris recognition technology, providing secure and contactless authentication solutions for various applications, including border control and access management. Additionally, Fusionex International offers advanced facial recognition solutions, contributing to the growth of contactless biometrics technology in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Contactless Biometrics Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Contactless Biometrics Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Contactless Biometrics Market - Industry Life Cycle |
3.4 Malaysia Contactless Biometrics Market - Porter's Five Forces |
3.5 Malaysia Contactless Biometrics Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 Malaysia Contactless Biometrics Market Revenues & Volume Share, By Software, 2021 & 2031F |
3.7 Malaysia Contactless Biometrics Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Malaysia Contactless Biometrics Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Malaysia Contactless Biometrics Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for secure and convenient authentication methods in various industries such as banking, healthcare, and government sectors. |
4.2.2 Growing focus on enhancing security measures to combat fraud and identity theft issues. |
4.2.3 Technological advancements in contactless biometrics solutions, making them more accurate, reliable, and user-friendly. |
4.3 Market Restraints |
4.3.1 Concerns regarding data privacy and security, especially with the collection and storage of biometric data. |
4.3.2 High initial costs associated with implementing contactless biometrics systems, which may deter some organizations from adoption. |
4.3.3 Lack of standardized regulations and guidelines for the use of contactless biometrics technology, leading to potential regulatory challenges. |
5 Malaysia Contactless Biometrics Market Trends |
6 Malaysia Contactless Biometrics Market, By Types |
6.1 Malaysia Contactless Biometrics Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Contactless Biometrics Market Revenues & Volume, By Offering, 2021-2031F |
6.1.3 Malaysia Contactless Biometrics Market Revenues & Volume, By Multimodal Biometrics Solution, 2021-2031F |
6.1.4 Malaysia Contactless Biometrics Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.5 Malaysia Contactless Biometrics Market Revenues & Volume, By Software, 2021-2031F |
6.1.6 Malaysia Contactless Biometrics Market Revenues & Volume, By Services, 2021-2031F |
6.2 Malaysia Contactless Biometrics Market, By Software |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Contactless Biometrics Market Revenues & Volume, By Face Recognition, 2021-2031F |
6.2.3 Malaysia Contactless Biometrics Market Revenues & Volume, By Iris Recognition, 2021-2031F |
6.3 Malaysia Contactless Biometrics Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Contactless Biometrics Market Revenues & Volume, By Access Control, 2021-2031F |
6.3.3 Malaysia Contactless Biometrics Market Revenues & Volume, By Onboarding & KYC, 2021-2031F |
6.3.4 Malaysia Contactless Biometrics Market Revenues & Volume, By Criminal Identification & Forensics, 2021-2031F |
6.3.5 Malaysia Contactless Biometrics Market Revenues & Volume, By Other Applications, 2021-2031F |
6.4 Malaysia Contactless Biometrics Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Malaysia Contactless Biometrics Market Revenues & Volume, By BFSI, 2021-2031F |
6.4.3 Malaysia Contactless Biometrics Market Revenues & Volume, By Government & Law Enforcement, 2021-2031F |
6.4.4 Malaysia Contactless Biometrics Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.5 Malaysia Contactless Biometrics Market Revenues & Volume, By Retail & eCommerce, 2021-2031F |
6.4.6 Malaysia Contactless Biometrics Market Revenues & Volume, By Travel & Tourism, 2021-2031F |
6.4.7 Malaysia Contactless Biometrics Market Revenues & Volume, By Other Verticals, 2021-2031F |
7 Malaysia Contactless Biometrics Market Import-Export Trade Statistics |
7.1 Malaysia Contactless Biometrics Market Export to Major Countries |
7.2 Malaysia Contactless Biometrics Market Imports from Major Countries |
8 Malaysia Contactless Biometrics Market Key Performance Indicators |
8.1 Adoption rate of contactless biometrics solutions by key industries in Malaysia. |
8.2 Number of reported security breaches or incidents related to contactless biometrics systems. |
8.3 Rate of technological advancements and innovations in contactless biometrics technology. |
9 Malaysia Contactless Biometrics Market - Opportunity Assessment |
9.1 Malaysia Contactless Biometrics Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 Malaysia Contactless Biometrics Market Opportunity Assessment, By Software, 2021 & 2031F |
9.3 Malaysia Contactless Biometrics Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Malaysia Contactless Biometrics Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Malaysia Contactless Biometrics Market - Competitive Landscape |
10.1 Malaysia Contactless Biometrics Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Contactless Biometrics Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |